Allianz predicted it would achieve operating earnings of €10.8 bn in 2015, compared with a previous goal of €10.4 bn, plus or minus 400 million depending on claims and financial market developments.

Europe’s biggest insurer Allianz said it would post operating profit at the top of its target range this year, as low damage claims and gains from as(...)

Exchange-traded funds are similar to ordinary funds in that they provide access to a basket of stocks. However, they trade like stocks and can be bought and sold throughout the trading day. Photograph: Bryan Thomas/Getty Images

Exchange-traded funds (ETFs) have democratised the investment world, offering ordinary investors low-cost access to asset classes that were previously(...)

Investors look at computer screens showing stock information at a brokerage house in Shanghai. Photograph: REUTERS/Aly Song

Chinese investors have gone crazy for stocks this year. The tech-heavy ChiNext index has risen by some 150 per cent since January. The Shenzhen stock (...)

Allianz had struggled for years to bring underwriting losses under control at Fireman’s Fund.

German insurer Allianz said it had agreed to sell its Fireman’s Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to f(...)

Total revenue rose 12 per cent to $8.91 billion

Morgan Stanley reported an 87 per cent rise in third-quarter earnings on Friday as the Wall Street bank’s trading, investment banking and wealth manag(...)

Goldman’s revenue from bond-trading soared 74 per cent to $2.17 billion in the third quarter as strong US economic data, stimulus measures by the European Central Bank, and the surprise exit of trading superstar Bill Gross from giant bond-trading firm Pimco jolted what had been a listless market. Photograph: Reuters

Goldman Sachs reported a 50 per cent jump in quarterly profit as last month’s pick-up in bond market activity helped to boost trading revenue, showing(...)

 Candidate of the Partido de la Social Democracia Brasilena (PSDB) Aecio Neves during an election campaign rally in Rio de Janeiro. Photograph: EPA/Antonio Lacerda

The increasing prospect of regime change in Brazil is making Petroleo Brasileiro the world’s best major oil stock. It’s also opening the door for fore(...)

Will the latest market pullback be another minor “buy the dip” affair? Or is a correction, or even a bear market, on the cards? S&P 500 pullbacks (...)

The headquarters building of Janus Capital Group  in Denver, Colorado. Bill Gross announced last week that he left Pacific Investment Management Co. (Pimco), the bond giant he helped found 43 years ago to join Janus Capital Group Inc. Photograph: Matthew Staver/Bloomberg

Investors yanked a record $446.5 million from an exchange-traded fund managed by Pacific Investment Management Co. (PIMCO) co-founder Bill Gross after(...)

Bill Gross, former co-founder and co-chief investment officer of Pimco, who abruptly left the company. Photograph: Reuters

Upheaval at the top of Pimco rattled US bond and derivatives markets yesterday as pension funds and other big investors braced for large outflows from(...)